Coinbase Revenue Fell 35%, Partially Offset by Prediction Market

Coinbase reported third-quarter revenue of $1.2 billion, down 35% from a year ago and roughly flat from its revenues in the second quarter, as trading activity in the broader crypto market cooled. Its prediction markets business surpassed $200 million in annualized revenue.

Covered by 2 publishers within 12 hours of the first report.

Summary from The Information.

Reporting2

TI The Information Coinbase Revenue Fell 35%, Partially Offset by Prediction Market · Yueqi Yang 5:23 PM

TB The Block Coinbase Q3 net income jumps 66% as prediction markets gain traction · Timmy Shen 4:57 AM

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Topics Crypto